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The closing bell is going away

24/7 Trading Is Almost Here: Nasdaq Goes 23 Hours in December — What It Means from Malaysia (2026)

RaymondRates.my5 min read

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On 6 December the Nasdaq starts trading 23 hours a day. Last Wednesday the US president name-checked a crypto exchange that already trades all of them. The gap between those two facts is closing — and from Malaysia, that changes the clock you live by.

23 hours
Nasdaq session from 6 Dec
Sunday evening to Friday evening
9-10am
The only MYT hour it is shut
its one maintenance break
+30.4%
Hyperliquid Strategies, one session
HYPE token +19.0%

What Trump actually said

At a White House press conference with technology leaders and agency chairs on Wednesday, he referred to CFTC chair Michael Selig:

“I understand Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion.”
— Donald Trump, White House press conference, 19 August 2026 — as reported by The Block
  • That is a regulator, not a rally cry. The claim is about a legal route onshore for an exchange that operates offshore today.
  • Hyperliquid is a perps venue. Perpetual futures — leveraged crypto contracts with no expiry, and no closing bell.

The event proved the point better than the speech did

After Trump named Hyperliquid, 19–20 Aug 2026 — and when each one could reactHyperliquid Strategies (PURR)○ US session only+30.4%HYPE token● 24/7+19.0%Coinbase (COIN)○ US session only+9.6%Bitcoin● 24/7+7.4%Same news, two different clocks. The tokens repriced overnight; the shares waited for the open.Yahoo Finance closes, computed 20 Aug 2026. Crypto measured to the 20 Aug close, listed shares to the 19 Aug close.
One piece of news, two different clocks — which is the whole argument for round-the-clock markets, and the whole risk of them.
  • The token repriced immediately. HYPE +19.0% and bitcoin +7.4%, straight through the night, with no session to wait for.
  • The shares had to queue. Nasdaq-listed Hyperliquid Strategies rose 30.4%— but only once the US market opened.
  • That gap is what is being closed. Not for the drama. Because news does not respect 9:30 to 4:00 in one time zone.

What 24/7 actually means, in three minutes

Tokenised equities are the mechanism behind most 24/7 stock proposals. This explainer is produced by Binance, a crypto exchange with a commercial interest in the outcome, so weigh the framing accordingly — the mechanics are the useful part.

From Malaysia, the clock is the story

Malaysian time (MYT), 24-hour clock — when you can actually trade12am6am12pm6pm12amBursa Malaysiatwo sessionsUS market todayyou sleep through itUS from 6 Dec23 hoursonly gap: 9–10amNasdaq breaks 8–9pm ET, which is 9–10am here in December. Bursa continuous close 4.45pm, auction to 5pm.
Today the US market is something you set an alarm for. From December it overlaps your entire working day.
  • Today you trade US stocks at night. The regular session is 10:30pm to 5:00am Malaysian time in December.
  • From 6 December, it is daytime. Nasdaq’s break falls 9–10am MYT— the only hour of your day it is closed.
  • It overlaps Bursa entirely. Both markets open at once, all day. That is convenience and a new way to lose track of risk.
A wall of clocks showing the time in different cities
Round-the-clock trading removes the excuse of a closed market. It does not remove the reason you were asleep. · Photo: Unsplash

The catch nobody advertises

  • Thin hours are thin for a reason. Nasdaq is adding price bands and restricting market orders overnight because spreads widen when few are trading.
  • A 23-hour market is not a 23-hour you. Someone still has to be awake. A market being open is not the same as you being able to watch it.
  • Your broker sets the real hours. An exchange extending its session does not oblige a Malaysian broker to route orders into it.
Approved, filed, and not the same thing. Nasdaq’s 23-hour session is SEC-approvedand dated 6 December, still pending its own market-data infrastructure work. The NYSE’s 24/7 tokenised venue is filed but not approved. And Trump’s Hyperliquid remark describes work in progress at the CFTC, not a decision. Three different levels of certainty, usually reported in the same breath.

What to watch

  • 6 DecNasdaq’s 23-hour launch— contingent on its SIP market-data systems being ready.
  • PendingThe NYSE tokenised venue. Filed with the SEC; approval is the thing to wait for, not the filing.
  • Your sideAsk your broker whether it will route overnight orders at all, and see how Malaysian brokers compare.
Not financial advice. Prices are Yahoo Finance closes computed 20 August 2026; the Trump quote is as reported from the 19 August press conference. Trading hours are as announced and may change — Nasdaq’s launch is explicitly conditional. Perpetual futures are leveraged instruments that can lose more than you put in. Rates.my holds no CMSA licence, issues no price targets, and none of this is a recommendation to buy, sell or trade anything.

Sources & further reading

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